Privy Expands Stablecoin Card Reach in Collaboration with Stripe

Privy has expanded its reach in the stablecoin card market by launching a pre-fabricated component that enables users to embed cardholder experiences within their app. This new feature is part of a collaboration with Stripe, which will allow users to spend directly from their Privy wallet or DeFi vault balance without needing to transfer funds to a separate card account.

The current stablecoin cards issued through this partnership cover over 25 markets, but Privy plans to expand to more than 100 by the end of the year. Lead Bank executes the card issuance, while Bridge handles project management and Stripe provides issuance services.